Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on January 18, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.82 and Selling at Rs138.92.…
Flag hoisting at Custom House Karachi on January 26
KARACHI: MCC Preventive Karachi is holding the International Customs Day celebrations, and in this regard a ‘Flag Hoisting Ceremony’ will be held on January 26, 2019 at Old Custom House…
Motor Dealers Association demands to allow commercial import of cars
KARACHI: All Pakistan Motor Dealers Association (APMDA) has demanded of the government to allow commercial import of cars, as it is already allowed for the Japanese automobile assembler. In a…
NTDC, K-Electric caused loss of Rs451.7 million in 2016-17: Nepra
KARACHI: To raise the performance level of the transmission licensees, National Electric Power Regulatory Authority (NEPRA) will conduct periodical monitoring of the licensees as the National Transmission & Dispatch Company…
Federal Tax Ombudsman disposes off over 30,000 tax cases
KARACHI: The Federal Tax Ombudsman (FTO) proves to be a bridge between the tax collectors and aggrieved tax payers by providing online complaint filling system in order to reduce time…
K-Electric Board elects Ikram Sehgal as new Chairman
KARACHI: K-Electric (KE) Board of Directors today elected Ikram Sehgal as the new Chairman of the Board of Directors with immediate effect. Ikram Sehgal succeeds Tayyab Tareen who resigned from the…
Ministry agrees to abolish WHT on cash withdrawal by filers
KARACHI: The Finance Ministry has agreed to abolish withholding tax on cash withdrawal by tax return filers, this provision would be added in the upcoming supplementary Finance Bill on January…
Pakistan’s current account deficit widens to $1.66 billion in December
KARACHI: Pakistan’s current account deficit widened 37.3 percent to $1.66 billion in December 2018 as the trade balance remained in deficit driven by increases in goods imports while investment from…
SHC orders provisional release of Toyota car
KARACHI: An appellate bench of High Court of Sindh (SHC) ordered provisional release of a Toyota Axio car. The bench comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi…